OKX Celebrates One Year of Monthly Proof of Reserves, with 12th Monthly Report Showing US$12.5bn in Primary Assets

  • OKX sets industry standards over past year with new features and improvements including zero-knowledge and Merkle tree technology, plus increased asset coverage

  • Industry recognition includes highest quality rating among major exchanges by expert Nic Carter

PoR October

HONG KONG - October 30, 2023 OKX, a leading global Web3 technology company and crypto exchange, today published its industry-best 12th monthly Proof of Reserves (PoR), showing US$12.5 billion in primary assets backing user funds.

The monthly disclosure marks a full year of PoR reports, during which OKX drove the industry's adoption of new standards by adding new features and improvements such as zero-knowledge proofs, Merkle tree technology and increased asset coverage.

As a leading global voice on PoR, OKX also held monthly AMAs to engage the crypto community over the last 12 months, featuring OKX President Hong Fang, CMO Haider Rafique, Global Chief Commercial Officer Lennix Lai and moderated by well-known crypto influencers such as Nic Carter, Daniel Borovik and David Gokhshtein.

OKX's PoR covers 22 commonly used digital assets and shows that OKX has maintained a reserve ratio exceeding 100% for 12 consecutive months across all assets. In addition to BTC, ETH and USDT, the assets included are: USDC, XRP, DOGE, SOL, OKB, APT, DASH, DOT, ELF, EOS, ETC, FIL, LINK, LTC, OKT, PEOPLE, TON, TRX and UNI.

OKX's current reserve ratios are as follows:

  • BTC: 103%

  • ETH: 103%

  • USDT: 103%

OKX's approach to Proof of Reserves has been continuously iterated and improved, and recently was given the highest quality rating among major exchanges by blockchain expert Nic Carter.

OKX consistently enhanced its Proof of Reserves in the past year. Significant milestones include:

  • November 2022 - OKX First Proof of Reserves

    • OKX becomes one of the first major crypto exchanges to publish Proof of Reserves

  • March 2023 - Merkle Tree Upgrade

    • OKX upgrades the transparency of Proof of Reserves, making the full liability Merkle tree publicly available while safeguarding user privacy

  • April 2023 - zk-STARK Upgrade

  • April 2023 - Increased Asset Coverage

    • OKX increases Proof of Reserves assets coverage to 22 popular cryptocurrencies publishing over 220,000 public wallet addresses

  • September 2023 - Top-Ranked Proof of Reserves

    • Expert Nic Carter ranks OKX's Proof of Reserves as "highest quality" among major exchanges

  • October 2023 - One Year of Proof of Reserves

    • OKX publishes its 12th monthly Proof of Reserves report, celebrating first year of industry leadership

OKX Chief Marketing Officer Haider Rafique said: "This milestone represents twelve months of strong efforts to publish hundreds of thousands of blockchain addresses, implement zero-knowledge technology to allow trustless verification and consistently listen to feedback and improve the report. I'd like to take this opportunity to encourage you, whether you're a user of OKX or not, to take a new look at our Proof of Reserves as we set the standard for a crypto industry that stands for trust and transparency, always."

OKX has seen hundreds of thousands of users engage with its PoR, visit its PoR page and view their self-audits since first launching its PoR page in November 2022. The open-source verification tool allows users to independently verify OKX's solvency and confirm their assets are backed by OKX reserves while maintaining their privacy.

Momentum around Proof of Reserves as an industry standard has been building this year, with two US Senators recently proposing mandatory PoR in the PROOF Act unveiled in October 2023.

Users can view the latest PoR report, reserve ratios, and verify OKX's solvency here.

本文章可能包含不适用于您所在地区的产品相关内容。本文仅致力于提供一般性信息,不对其中的任何事实错误或遗漏负责任。本文仅代表作者个人观点,不代表欧易的观点。 本文无意提供以下任何建议,包括但不限于:(i) 投资建议或投资推荐;(ii) 购买、出售或持有数字资产的要约或招揽;或 (iii) 财务、会计、法律或税务建议。 持有的数字资产(包括稳定币和 NFTs)涉及高风险,可能会大幅波动,甚至变得毫无价值。您应根据自己的财务状况仔细考虑交易或持有数字资产是否适合您。有关您具体情况的问题,请咨询您的法律/税务/投资专业人士。本文中出现的信息(包括市场数据和统计信息,如果有)仅供一般参考之用。尽管我们在准备这些数据和图表时已采取了所有合理的谨慎措施,但对于此处表达的任何事实错误或遗漏,我们不承担任何责任。欧易 Web3 功能,包括欧易 Web3 钱包和欧易 NFT 市场都受 www.okx.com 单独的服务条款约束。
© 2023 OKX。本文可以全文复制或分发,也可以使用本文 100 字或更少的摘录,前提是此类使用是非商业性的。整篇文章的任何复制或分发亦必须突出说明:“本文版权所有 © 2023 OKX,经许可使用。”允许的摘录必须引用文章名称并包含出处,例如“文章名称,[作者姓名(如适用)],© 2023 OKX”。不允许对本文进行衍生作品或其他用途。